Narrative Update • May 21
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Hong Kong (HSI) Apparel Retail Industry Analysis
UpdatedMay 26, 2026
DataAggregated Company Financials
Companies17
- 7D-2.3%
- 3M-9.5%
- 1Y-1.4%
- YTDn/a
Over the last 7 days, the Apparel Retail industry has dropped 2.8%, driven by Topsports International Holdings declining 4.7%. As for the longer term, the industry's performance has been flat for the past year. As for the next few years, earnings are expected to grow by 13% per annum.
Industry Valuation and Performance
Has the Hong Kong Apparel Retail Industry valuation changed over the past few years?
| Date | Market Cap | Revenue | Earnings | PE | Absolute PE | PS |
|---|---|---|---|---|---|---|
| Tue, 26 May 2026 | HK$45.6b | HK$89.8b | HK$4.4b | 8.2x | 10.3x | 0.5x |
| Thu, 23 Apr 2026 | HK$47.8b | HK$89.5b | HK$4.4b | 9.2x | 11x | 0.5x |
| Sat, 21 Mar 2026 | HK$47.4b | HK$87.4b | HK$3.6b | 9.8x | 13.1x | 0.5x |
| Mon, 16 Feb 2026 | HK$49.4b | HK$87.3b | HK$3.8b | 9.9x | 13.1x | 0.6x |
| Wed, 14 Jan 2026 | HK$49.6b | HK$86.5b | HK$3.7b | 9.6x | 13.3x | 0.6x |
| Fri, 12 Dec 2025 | HK$54.0b | HK$85.5b | HK$3.7b | 10.4x | 14.6x | 0.6x |
| Sun, 09 Nov 2025 | HK$58.4b | HK$85.1b | HK$3.7b | 11x | 15.9x | 0.7x |
| Tue, 07 Oct 2025 | HK$60.7b | HK$86.9b | HK$3.8b | 12.6x | 15.8x | 0.7x |
| Thu, 04 Sep 2025 | HK$59.6b | HK$86.8b | HK$3.8b | 12.9x | 15.5x | 0.7x |
| Sat, 02 Aug 2025 | HK$60.6b | HK$86.2b | HK$3.8b | 11x | 15.9x | 0.7x |
| Mon, 30 Jun 2025 | HK$46.2b | HK$80.2b | HK$3.4b | 12.4x | 13.8x | 0.6x |
| Wed, 28 May 2025 | HK$43.5b | HK$84.5b | HK$1.7b | 10.7x | 25.2x | 0.5x |
| Fri, 25 Apr 2025 | HK$43.5b | HK$84.4b | HK$2.2b | 10.5x | 19.7x | 0.5x |
| Sun, 23 Mar 2025 | HK$47.0b | HK$84.3b | HK$2.1b | 8.9x | 22.6x | 0.6x |
| Tue, 18 Feb 2025 | HK$44.6b | HK$84.8b | HK$2.0b | 8.4x | 22.9x | 0.5x |
| Thu, 16 Jan 2025 | HK$42.9b | HK$84.3b | HK$1.9b | 8.9x | 22.3x | 0.5x |
| Sat, 14 Dec 2024 | HK$43.3b | HK$84.6b | HK$1.9b | 9.9x | 22.3x | 0.5x |
| Mon, 11 Nov 2024 | HK$42.7b | HK$86.3b | HK$2.1b | 8.9x | 20.7x | 0.5x |
| Wed, 09 Oct 2024 | HK$46.6b | HK$88.7b | HK$2.6b | 9x | 17.7x | 0.5x |
| Fri, 06 Sep 2024 | HK$42.6b | HK$88.5b | HK$2.6b | 9.2x | 16.3x | 0.5x |
| Sun, 04 Aug 2024 | HK$45.1b | HK$89.3b | HK$1.9b | 8x | 23.2x | 0.5x |
| Tue, 02 Jul 2024 | HK$54.0b | HK$88.3b | HK$1.9b | 8.4x | 28.6x | 0.6x |
| Thu, 30 May 2024 | HK$60.0b | HK$88.7b | HK$1.8b | 8.6x | 32.6x | 0.7x |
| Sat, 27 Apr 2024 | HK$61.4b | HK$88.3b | HK$1.7b | 8.8x | 36.1x | 0.7x |
| Mon, 25 Mar 2024 | HK$62.4b | HK$88.1b | HK$2.6b | 12.4x | 23.9x | 0.7x |
| Wed, 21 Feb 2024 | HK$60.0b | HK$87.7b | HK$2.5b | 11.7x | 24x | 0.7x |
| Fri, 19 Jan 2024 | HK$64.2b | HK$87.7b | HK$2.5b | 12.7x | 25.7x | 0.7x |
| Sun, 17 Dec 2023 | HK$69.3b | HK$88.2b | HK$2.5b | 13.1x | 27.4x | 0.8x |
| Tue, 14 Nov 2023 | HK$71.5b | HK$86.5b | HK$2.5b | 12.7x | 28.9x | 0.8x |
| Thu, 12 Oct 2023 | HK$66.8b | HK$85.5b | HK$2.3b | 13.8x | 29.4x | 0.8x |
| Sat, 09 Sep 2023 | HK$70.6b | HK$85.3b | HK$2.3b | 14x | 31.3x | 0.8x |
| Mon, 07 Aug 2023 | HK$77.9b | HK$84.7b | HK$2.6b | 16.1x | 30.5x | 0.9x |
| Wed, 05 Jul 2023 | HK$74.1b | HK$84.5b | HK$2.5b | 15x | 29.1x | 0.9x |
| Fri, 02 Jun 2023 | HK$68.0b | HK$85.4b | HK$2.6b | 16.5x | 26.6x | 0.8x |
Price to Earnings Ratio
26.6x
Current Industry PE
- Investors are pessimistic on the Hong Kong Apparel Retail industry, indicating that they anticipate long term growth rates will be lower than they have historically.
- The industry is trading at a PE ratio of 10.3x which is lower than its 3-year average PE of 22.2x.
- The industry is trading close to its 3-year average PS ratio of 0.64x.
Past Earnings Growth
- The earnings for companies in the Apparel Retail industry have grown 20% per year over the last three years, while revenues have remained mostly flat.
- This means that companies overall are more efficiently conducting business since profits are increasing while sales have been flat.
Industry Comparison
How does Hong Kong Apparel Retail compare with similar industries?
| HK Market | -1.03% | |
| Consumer Discretionary | -1.18% | |
| Specialty Stores | -0.55% | |
| Apparel Retail | -2.30% | |
| Computer and Electronics Retail | 2.03% | |
| Specialty Stores | 0.04% | |
| Automotive Retail | -2.55% | |
| Home Furnishing Retail | -3.93% | |
| Home Improvement Retail | -11.15% | |
Industry PEThere are no additional sub-industries under this industry.
Forecasted GrowthThere are no additional sub-industries under this industry.
Top Stock Gainers and Losers
Which companies have driven the market over the last 7 days?
| Company | Last Price | 7D | 1Y | Valuation | |
|---|---|---|---|---|---|
| 1223 Symphony Holdings | HK$1.41 | 2.9% +HK$119.0m | 76.3% | PS13.6x | |
| 887 Emperor Watch & Jewellery | HK$0.28 | 1.8% +HK$36.3m | -16.4% | PE4.4x | |
| 2420 Zibuyu Group | HK$4.13 | 1.2% +HK$25.0m | 6.2% | PE6.6x | |
| 2528 Forward Fashion (International) Holdings | HK$0.70 | 7.7% +HK$20.0m | 164.2% | PE4.9x | |
| 1255 TATA Health International Holdings | HK$2.05 | 2.5% +HK$12.1m | n/a | PE37.3x |